Quote from: CryptoMF on March 25, 2014, 08:20:47 AM

Quote from: dragonseer on March 25, 2014, 08:13:46 AM

Quote from: CryptoMF on March 25, 2014, 07:41:04 AM

I think everyone here realizes that there is NO substantial buy support until you get down to prices at 10% of current price. Anyone or group of people who try to dump any large amount of coins now will have to seriously tank the price. Sure they could put in sell orders at high prices but I just don't see buyers falling for that given everyone is on edge right now curious to see what happens with the airdrop. Time for some more popcorn I guess.

I am confused why some people are claiming that all the Icelanders claiming their coins right now are getting ~$350 equivalent when there is no way more than a hand full could get even close to that if they sold all their coins right now.

Try to show some imagination. If you have the regulated crypto currency exchange open in New York, and investors can see Icelanders using ATMs and using Auroracoin in shops, then they will pull money out of poorly performing stocks and get in on the new game in town. That will make today's marketcaps look pretty small.

Man you have some serious imagination I will give you that. All I stated was the facts of the current market. Nothing more. Nothing less. I am as curious as the next guy to see what happens here. I just hope the Icelanders don't end up worse off.

We're all curious, Auroracoin has come a long way but it won't work if people in Iceland throw it away for whatever they can get for it.

There is a story about the regulated exchange I'm talking about here: http://www.coindesk.com/inside-new-yorks-bitcoin-centre/

One thing that gave me confidence about the airdrop working is the fact that Moolah.io added Auroracoin to their merchant services a while back. If you're not sure what coins to buy at the moment, then look at what they are getting behind right now, if you look here: https://moolah.io/merchants/learn-more they have merchant support for Auroracoin, Bitcoin, Darkcoin, Dogecoin, Litecoin, Mintcoin and Vertcoin.

I'm sure there are fund managers and the like looking at this unfolding market very carefully. It's too early for them to get in, but if we pick the right coins now, we will do well as more money comes in. If you were an investor, would you hold your shares in General Motors, or grab a slice of Iceland's new cyber economy?? Easy choice